Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News.
The online do-it-yourself goods mega shop said it used SVB to facilitate disbursement to some sellers, and that it was working with other payment partners to issue deposits.
“We wanted to let you know that there is a delay with your deposit that was scheduled for today,” the email from Etsy said.
Source : Silicon Valley Bank Collapse Triggers Delay in Payment Processing for Etsy Sellers